Gold Mining Company Loses Over $1 Billion in a Day
By ATTN Desk · Editorial oversight: Sean Han
Alamos Gold Inc. (AGI), the Canadian gold miner, tumbled 5.24% on the New York Stock Exchange, closing at $42.12 (roughly ₩57,000).
That drop erased about $880 million in market value in a single day, bringing its market capitalization to approximately $17.68 billion (around ₩24 trillion). Trading volume reached 3.413 million shares.
On December 22, 2025, the company renewed its normal course issuer bid, authorizing the purchase of up to 18.58 million shares—equivalent to 5% of its outstanding common stock—through December 23, 2026.
Investment outlet Investor’s Business Daily (IBD) recently highlighted Alamos Gold as the top-ranked gold stock with a Relative Strength Rating of 92 as of January 21, 2026, noting that investors are closely watching its next earnings release, expected around February 18.
Headquartered in Toronto, Alamos Gold is a mid-tier producer operating three North American gold mines: Young–Davidson and Island Gold in Ontario, Canada, and Mulatos in Sonora, Mexico.
Looking ahead, the company is driving growth through the “Phase 3+” expansion at Island Gold and advancing the Lynn Lake project in Manitoba, aiming to boost production beyond 2026.